Exhibit 107.1

CALCULATION OF FEES TABLE

FORM 424(b)(5)

ARMOUR RESIDENTIAL REIT, INC. (Exact name of registrant as specified in its charter)

Table 1: Newly Registered Securities and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Share

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee (1)

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Equity

Common Stock, $0.001 par value

Rule 457(r) and Other (2)

11,671,257(3)

14.94(2)

174,368,579.58

0.00014760

25,736.80

N/A

N/A

N/A

N/A

N/A

N/A

Fees Previously Paid

Equity

Common Stock, $0.001 par value

Rule 457(r) and Other (4)

58,356,285(3)

5.07(4)

295,866,364.95

0.00011020

32,604.47

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Carry Forward Securities

Carry Forward Securities

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Total Offering Amounts

174,368,580

25,736.80

Total Fees Previously Paid

32,604.47

Total Fee Offsets

25,736.80

Net Fee Due

0.00

(1)    ARMOUR Residential REIT, Inc. (the “Registrant”) previously paid $32,604.47 in registration fees with respect to 58,356,285 pre-split shares of common stock (11,671,257 post-split shares) (the “ATM Common Shares”) to which this prospectus supplement relates, which were previously registered on the Registrant's Registration Statement on Form S-3 (Registration No. 333-253311) filed by the Registrant on February 19, 2021 under the Securities Act of 1933, as amended (the “Securities Act”). On September 29, 2023, the Registrant effected a one-for-five reverse stock split of its common stock (the “Reverse Stock Split”). This prospectus supplement proportionally adjusts the ATM Common Shares offered under the Equity Sales Agreement by and among the Registrant, ARMOUR Capital Management LP and the agents party thereto. Pursuant to Rule 457(p) under the Securities Act, the Registrant is offsetting the registration fees due hereunder against the $32,604.47 previously paid. Accordingly, no filing fee is due.

(2)     Calculated in accordance with Rule 457(c) and Rule 457(r) under the Securities Act, based upon the average of the high and low price per share of our common stock as reported on the New York Stock Exchange on October 23, 2023.

(3)    Represents the 11,671,257 post-split ATM Common Shares of the Registrant adjusted for the Reverse Stock Split.

(4)    Calculated in accordance with Rule 457(c) and Rule 457(r) under the Securities Act, based upon the average of the high and low price per share of our common stock as reported on the New York Stock Exchange on July 20, 2023. The prospectus supplement to which this fee previously paid relates was originally filed with the Securities and Exchange Commission on July 26, 2023.